Ocean Park Asset Management LLC Makes New $39.09 Million Investment in Vanguard Long-Term Corporate Bond ETF $VCLT

Ocean Park Asset Management LLC purchased a new stake in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 519,400 shares of the exchange traded fund’s stock, valued at approximately $39,085,000. Vanguard Long-Term Corporate Bond ETF accounts for about 1.9% of Ocean Park Asset Management LLC’s holdings, making the stock its 12th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Western Wealth Management LLC bought a new stake in shares of Vanguard Long-Term Corporate Bond ETF in the 1st quarter valued at $34,000. Friedenthal Financial lifted its position in shares of Vanguard Long-Term Corporate Bond ETF by 51.5% during the 4th quarter. Friedenthal Financial now owns 468 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 159 shares during the period. Jessup Wealth Management Inc bought a new position in Vanguard Long-Term Corporate Bond ETF during the fourth quarter worth $36,000. Entrust Financial LLC bought a new position in Vanguard Long-Term Corporate Bond ETF during the fourth quarter worth $40,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Vanguard Long-Term Corporate Bond ETF in the third quarter worth $65,000.

Vanguard Long-Term Corporate Bond ETF Stock Up 0.1%

VCLT opened at $71.78 on Wednesday. Vanguard Long-Term Corporate Bond ETF has a 1-year low of $71.71 and a 1-year high of $79.28. The company has a fifty day moving average price of $73.88 and a two-hundred day moving average price of $74.89.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, August 3rd were paid a $0.3502 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 5.9%. This is a boost from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.34.

Vanguard Long-Term Corporate Bond ETF Profile

Vanguard Long Term Corporate Bond ETF (the Fund) seeks to track the performance of a market-weighted corporate bond index with a long-term, dollar-weighted average maturity. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S. 10+ Year Corporate Index (the Index). This index includes the United States dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility and financial companies, with maturities greater than 10 years.